New Version of the old Wild West VSE

A company trades at under $0.20.
1) It announces it’s going drilling.
2) Ten days later it announces that it has taken 50 rock samples from an area identified by geophysics and is sending them for rush assays.
3) About a week later, the price is at $0.49 and IIROC asks why.
4) The company says it does not know.
5) Three days later, it closes a previously announced $200k private placement (“pp”) at $0.14.  Eight placees: no insiders, no pros.
6) The same day, it announces closing of a second pp raising $720k at $0.18.  Four lucky placees: no insiders, no pros.  Really.
7) Three days later, it announces a pp to raise $667k.
8) One day later, it revises that announcement and ups the pp to $934k.
9) Three days later, it announces that it will commence diamond drilling and that it has closed the $934k pp with certain strategic investors. Canaccord gets a small finders fee. What did Canaccord tell its “strategic investor” client[s]?
10) The same day, it announces that there are nine placees including one member of a pro group.  A Canaccord person, perhaps?
Note: Still no results from those “rush assays”.
11) Six days later, the start of drilling is announced.
12) One week later when the stock is trading at $0.91, the company announces that its first drill hole (stepped out from the main area) has hit 176 meters of mineralization.  It also announces a proposed pp to raise $6M at an average of $072.
Note: Wouldn’t it be wonderful to have an XRF to get a quick and accurate idea of the nickel-copper values in that core?  Really no need to wait for assays to get a pretty good picture of what is happening.
13) Twenty-five days later, with the stock now trading at $1.83!, the company announces that the TSXV has made it raise the average price of the $6M pp from $0.72 to $0.88.  Must have been a tough negotiation.
14) The same announcement reveals the granting of 200,000 incentive options at $1.50 ($0.33 under the market price the same day?)
15) One week later, a SEDAR Early Warning Report is filed, stating that Eric Sprott already owns 3.3% of the company (5.6% on a fully diluted basis) and that after closing the presently announced pp, will own 10.7% (14.6% on a fully diluted basis).
Did Mr Sprott know something the rest of us didn’t?  If so, how did he find out?
16) Eight days later, the stock was halted for 5 minutes due to a “single-stock circuit breaker”.  WTF is that?
17) Two days later, it is announced that all 11 holes after the first one have hit interesting sulfides.  An XRF has been used, but no results are given. Instead the phrasing is “supports the very high tenor of the sulfide…as previously announced by the company”.  Who knows what that means?  Let the mystery continue. BTW, still no results from those ‘rush assays’.
18) Three days later (yesterday), a pp of $10M @ $3.15 is announced, and is ‘expected to close shortly’.

It appears that the Garibaldi Resources Corp team is to be congratulated for making a major discovery in the last three months.
More power to them.
It also appears that the overpaid obstructionist nitpickers at IIROC and the TSXV have dropped the ball on the concept of full disclosure.  Why?